JP Morgan NZ is looking to restock its fund services team following the resignations of the division head and another senior staff member.
It is understood incumbent fund services head, Lindsay Clark, resigned along with a fund accounting team leader.
According to the job description, the Wellington-based head of fund services role includes responsibility “for the overall management of the group”.
JP Morgan NZ’s middle office and fund accounting arm principally services Australian customers including “large industry superannuation funds, investment management unit trusts based in Australia” in addition to some local and other Asia-Pacific firms.
The two-hour head-start in NZ provides some back-office efficiencies for Australian funds.
Before joining JP Morgan late in 2016, Clark spent almost three years has head of operations for rival Wellington-based administration firm BNP Paribas Securities Services NZ. She also served for about two years as head of operations for Public Trust after a 10-year stint with the South African Standards Bank Group in a similar role.
The US-headquartered JP Morgan bank offers a range of services in NZ including custody to a number of marquee clients such as the $41 billion Accident Compensation Commission fund and $4 billion plus Government Superannuation fund.
Mark Lawrence heads JP Morgan in NZ.